Bitcoin and other forms of digital currency have become popular and widespread in the last few years. The draw of bitcoin is that it is decentralized and secure compared to traditional currency. Although many have seen it as very speculative, the financial industry has gone to great lengths to legitimatizing it as a currency with the CFTC even declaring it as a commodity that can be legally traded.

It is official – virtual currencies today are as big as ever. Do yourself a favor and check an online currency converter to find out how much 1 bitcoin (BTC) is now worth in dollars. Convinced yet?
Bitcoins are probably the most popular virtual currency on the internet today. It can be used to make online payments, buy physical products, or even withdraw cash from a bitcoin ATM. You may also be interested in mining for bitcoins, blogging about them, or simply investing in virtual currencies to leverage the increasing price of bitcoins. [Read more…]

An Australian man has come forth as the person behind Satoshi Nakamoto, the pseudonym used by Bitcoin’s creator. Craig Wright claims that he was the one who created the popular crypto-currency.

Soon after his revelation, a prominent Bitcoin expert wrote extensively that he believed Wright’s claim. Gavin Andresen is the chief scientist at the Bitcoin Foundation and wrote that he was “convinced beyond a reasonable doubt.” Andresen also described about how he had witnessed Dr. Wright using tools, such as cryptographic keys that “only Satoshi should possess.” [Read more…]